Supply_LTH_STH_Ratio
Tech spec
| Field | Value |
|---|---|
| API name (slug) | supply_lth_sth_ratio |
| Group | supply distribution |
| Unit / Valuetype | ratio / other |
| Shape | scalar |
| Resolutions | block, h1, h4, h8, h12, d1 |
| Endpoints | /v2/supply_distribution |
| Tier | 0 |
| Last updated | 2025-08-19 18:01 UTC |
| Docs | Open in Swagger |
Brief Description: The ratio of Bitcoin supply held by Long-Term and Short-Term Holders.
Metric variants
- _lth: Supply_LTH_STH_Ratio restricted to Long-Term Holders (age ≥ 155 days).
- _sth: Supply_LTH_STH_Ratio restricted to Short-Term Holders (age < 155 days).
- _excl_7yrs: Older UTXOs are removed from the equation once they reach 7 years.
- _excl_10yrs: Older UTXOs are removed from the equation once they reach 10 years.
Interpretation In market analysis, the Supply_LTH_STH_Ratio can signal investor sentiment and potential market movement. An increasing or stable high ratio often corresponds to periods of accumulation where confidence in the asset's long-term value might be strong, suggesting a bullish outlook. On the flip side, a decreasing ratio indicates that a greater volume of Bitcoin is getting in the hands of speculative or short-term oriented investors.
Advanced Explanation The Supply_LTH_STH_Ratio value thus reflects the proportion of total Bitcoin supply controlled by these distinct groups. It can be expressed as:
Supply_LTH_STH_Ratio = LTH Supply (in BTC) / STH Supply (in BTC)